Income-Producing Historic Mixed-Use Investment Property

Income-Producing Historic Mixed-Use Investment Property 141 N Main St. | Childress, Texas Opportunities to acquire an income-producing historic landmark in the heart of downtown Childress are increasingly rare. The Historic Cristler & Davidson Building, originally constructed in 1908, offers immediate income with significant value-add opportunity. Positioned on the prominent corner of Main Street and Avenue B NW, this iconic mixed-use property combines retail, office, residential, and redevelopment potential within one of downtown Childress's most recognizable commercial buildings. This two-story landmark with a full basement occupies a highly visible 50' x 115' corner lot and has remained an important part of the Childress business community for more than a century. The property currently benefits from an executive and workforce housing lease encompassing one upper loft apartment and the rear office, providing immediate rental income through June 20, 2027. The second loft apartment and the Main Street commercial space remain available for lease or owner occupancy, creating opportunities to increase occupancy, expand income, or accommodate an owner-user. The ground floor features approximately 50 feet of Main Street storefront, providing outstanding visibility for retail, restaurant, office, professional services, boutique retail, gallery, or numerous other commercial uses. The second floor includes two loft-style apartments. One apartment is currently leased under the executive and workforce housing lease. The second apartment offers additional income potential or future redevelopment opportunities. The basement consists of multiple interconnected areas with interior, alley, and sidewalk access, offering flexibility for storage, inventory, workshops, event space, creative uses, or future adaptive reuse, subject to buyer due diligence and any applicable approvals. A historic skylight remains an attractive architectural feature. Recognized as a contributing property within the Childress Commercial and Civic Historic District, the Historic Cristler & Davidson Building has served the community for more than a century. Throughout its history, it has housed the Cristler & Davidson Department Store, the Perkins-Watkins Department Store, an upstairs telephone exchange, office space, executive and workforce housing, and numerous commercial businesses. The original "Cristler & Davidson 1908" cornice remains a visible reminder of the building's historic significance. Childress continues to experience strong commercial activity, regional economic investment, and increasing demand for executive and workforce housing, supporting the property's existing income and future leasing potential. Whether your strategy is long-term investment, owner occupancy, adaptive reuse, redevelopment, or portfolio expansion, this property offers multiple paths to create value while preserving one of downtown Childress's most recognizable commercial landmarks. Qualified buyers only. A current lender pre-approval letter, pre-qualification letter, or proof of available funds is required prior to scheduling a showing. Showings are by appointment only. Please respect the privacy and business operations of the current tenants. All property tours must be scheduled in advance through the Listing Broker. NO TRESPASSING. Please do not access the property or disturb the owners or tenants without being accompanied by the Listing Broker or another licensed real estate agent who has received prior written authorization from the Listing Broker. As with any Exclusive Listing Agreement, owners are not to negotiate with prospective buyers but should refer all inquiries to the Listing Broker. This property is offered For Sale Only. It is not for lease, not for rent, and owner financing is not available.